RBC Global Asset Management Inc. Closes Phillips Hager North High Yield Bond Fund to New Investor in Toronto – June 21, 2024

RBC Global Asset Management Inc. announced today that the Phillips, Hager & North High Yield Bond Fund will be closed to new investors as of June 28, 2024. The Fund was recently reopened to new investors on June 10, 2024, but due to significant demand, the portfolio manager has reached full capacity.

Investors who submit purchase orders before 4:00 pm ET on June 28, 2024, will have their orders processed. After the closure, only existing unitholders will be able to make additional investments in the Fund.

RBC Global Asset Management Inc. reminds potential investors to consult with their advisors and review the prospectus or Fund Facts document before investing. They also highlight that mutual funds are not guaranteed, their values fluctuate, and past performance may not be indicative of future results.

Royal Bank of Canada, the parent company of RBC Global Asset Management Inc., is a global financial institution with a focus on innovation and exceptional client experiences. RBC GAM manages approximately $625 billion in assets and offers a range of investment management services to institutional, high-net-worth, and individual investors.

The closure of the Phillips, Hager & North High Yield Bond Fund to new investors marks a significant development in the investment landscape, reflecting the changing dynamics of the market and investor demand.